Regulatory Alerts2024-11-15
Added · Updated
Commencement of Basel III final reform package
The Hong Kong Monetary Authority informs authorized institutions that the negative vetting period for the Commencement Notice has expired without extension. Consequently, Parts 3 and 5 of the Banking (Capital) (Amendment) Rules 2023 will come into operation on 1 January 2025. These parts implement amendments regarding credit risk, operational risk, market risk, and credit valuation adjustment risk, alongside consequential amendments to other banking rules.
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